Building lease flats create new living space in Altstätten
Halter is taking on the construction of the new Tres Terrä residential quarter in Altstätten. The project is being realised in collaboration with the Catholic denomination of the Canton of St. Gallen and Tend AG. The ground-breaking ceremony has now taken place.
Halter AG is implementingtheTresTerrä project in collaboration with the Catholic denomination of the canton of St. Gallen, owner of the project, andSchlieremerTend AG, partner for communication and marketing. As part of this, Halter will undertake the construction of ten residential buildings on the Guter Hirte site in Altstätten, which will provide affordable living space in the future, according to a press release. The ground-breaking ceremony and official start of construction for the project have now taken place.
“Tres Terrae stands for a place where living, open space and neighbourhood come together,” says a statement from Halter. “The aim is to create lasting quality of life that offers people a home for the long term.”
Three building complexes are planned, which will be located around a central communal square and connected by a network of paths. A total of 37 freehold flats will be built in the buildings, ranging from 2.5-room to 5.5-room flats. Central meeting areas will provide space for interaction and community, according to the project description.
In order to reduce the equity requirement and facilitate financing, the flats will be sold under building law. The flats are expected to be ready for occupancy in 2028.